How to Build and Maintain a Sustainable Coaching Business

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laptop workI have had a business as a movement therapist for over fifteen years and it has only been the last five years that I have shifted into a coaching paradigm with my business. And the last 5-10 years have also seen an explosion of growth in the coaching industry. I have loved integrating the coaching model into how I work with clients to encourage their ability to be self changers and visionaries in their own lives. But as the online world has grown, building a “coaching business” seems to be more and more about scaling, developing funnels, and creating brands than it is about mastering the art of supporting transformation.

For several years, I jumped on the wheel and tried to do “all of the things” to build an online coaching business, and I struggled to figure out what to focus on to grow online. But my business was still paying the bills and I was still helping clients…clients whom I have been supporting through their health and wellness change process for over ten years.

I realized it was client relationships and retention that was the most important factor in my business growth and stability. And rather than focusing on getting “more clients” I should look at how I retained my current ones and what was working.

This got me thinking about the numbers that really matter in my business. While I have never run facebook ads and I don’t have a ton of social media followers and sometimes I am not regular with sending out my email newsletter, I have always created consistent action and tracked my numbers in a few key areas that I think are foundational to both launching and sustaining a coaching business that brings you joy and transforms lives.

meeting with connection

Bottom Line

What is the bottom line income # you need to make to “feel okay”- I have always known the bottom line number that I needed to pay all of my bills, save a little, and allow my nervous system to relax enough that I could get down to actually helping my clients and not worry about whether I would be able to pay the bills.

Program Length

How can you design and charge for your programs in a way that supports long term change and creates recurring revenue to meet “your bottom line #”. Research shows that most people need at least six months or more to truly create a change in their lives and then potentially ongoing support to continue in their change process. I have seen this play out in my business as people may come to me for a pain issue they are having and then work with me for years to support and evolve the changes they want to make in their health and well being.

Designing my programs to support this creates supportive long term relationships that increase my client success rates and also creates continued revenue streams in my business and low client turn over. This means I get to spend most of my time working with my clients and less time chasing the next lead. So you want to find a # of months for your coaching program that both supports their change process and creates a long term revenue stream for you.

Number of Clients You Need to Meet Your Bottom Line

Know how many clients you need to have to fill your recurring revenue programs and meet your bottom line and make this your top priority. So once you know your bottom line and you have designed your programs to support your clients over six months or more, then you can quickly figure out how many clients you need to always have in your long term programs to meet your bottom line. Say you need to make 5k/mo and you charge $500/mo for a 12 mo coaching program, then you need a min of 10 clients in your program per year.

Massive Benefits

Investing in this model can help you get up and running quickly with your business and it can help you sustain your business over the long haul. And finding 10 clients can happen more easily through referrals, networking and speaking without even having to venture into the online marketing world. Once you have a solid base of clients invested in long term change, you can focus on growing your business from a place of “already having enough” and set your intentions on how do your serve more people, create more impact and make more money in a way that allows you to be at your best, grow and give back to your business.

Get Started

So how do you get started with this model? You need crystal clarity on what your purpose is with your clients and what the change process is that you are supporting your clients to move through. With that in place, creating and evolving coaching structures that support you and your clients will naturally help you evolve and sustain your business. If you need support with tuning into your deeper purpose with your coaching work, check out my Tune In Guide to Embodying your purpose.
Dawn Strom

Dawn Strom

Dawn is a Gyrotonic Master Trainer, Movement Therapist, Coach and Creative Human who loves envisioning unique possibilities and trailblazing new paths. She works with holistic minded, ambitious professionals and entrepreneurs to help them RECLAIM deep meaningful purpose, down time and joy.

https://dawnstrom.com/

Dawn Strom

Dawn Strom

Dawn is a Gyrotonic Master Trainer, Movement Therapist, Coach and Creative Human who loves envisioning unique possibilities and trailblazing new paths. She works with holistic minded, ambitious professionals and entrepreneurs to help them RECLAIM deep meaningful purpose, down time and joy.

https://dawnstrom.com/

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